Fewer orders 'bodes poorly' for China's exports as Golden Week looms
China’s manufacturing sector contracted again this month, with new export orders at their “lowest since ...
© Alexey Novikov
FedEx has taken the US government to court, claiming it should not be held liable for inadvertently shipping products violating export bans on some Chinese companies. Reuters reports the parcel delivery firm took action after angering China by returning a Huawei-marked package to its sender last week. Shares in the company dropped 2.7% after that news became public, with fears China would blacklist FedEx. The company claimed the incident was a mistake. In court filings it says it should not be expected to enforce the export ban and could not reasonably be held liable for shipping products at it did not know about.
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